Holoceive selected for TIPS, the tech startup program of Korea's Ministry of SMEs and Startups

Holoceive has been selected for "TIPS (Tech Incubator Program for Startup)," a technology startup support program led by Korea's Ministry of SMEs and Startups. TIPS is a system in which the private sector discovers startups with outstanding technical capabilities and supports their growth in partnership with the government. After private investment firms discover and invest in startups, the Ministry of SMEs and Startups provides R&D funding, creating a structure where government support follows private initial investment.

Holoceive was selected through a recommendation from Mashup Ventures, a startup investment accelerator and TIPS operating partner. As a result, we are expected to receive up to approximately KRW 700 million (around JPY 77 million) in R&D, commercialization, and marketing funding.

With this TIPS selection, Holoceive will push forward the development and advancement of a next-generation merch engine powered by AI and AR technology. We will continue to take on challenges to create "new experiences that connect people and technology."